Monday, August 27, 2012

Visit your old bank locker before it’s too late

.....Referring to a case where arms and explosives were found in a locker, the Reserve Bank of India, in its guidelines to the banks on the operation of safe deposit lockers, advises them to strictly monitor the operations of the lockers and ask customers who have not opened their lockers for over three years (One year in case of ‘high risk’ customers), an explanation for it in writing and allow the continued use of the locker only if there is a satisfactory response........

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